More than PLN 152 million in revenue and highest profit ever. Shoper wraps up 2023. 

‍ Revenue of Shoper in 2023 amounted to PLN 152.6 million. This represents an increase of as much as 24% relative to 2022, and compared to 2021, nearly doubling the company's revenue. Faster than revenue, by as much as 31%, was the increase in adjusted EBITDA. It reached PLN 50.6 million, which means a profitability of more than 33%.

- The Group's record financial performance Shoper confirms our ability to adapt rapidly to changing macroeconomic conditions and taking advantage of the opportunities that the market presents at any given time. Last year, once again, we increased to record levels investments in the development of our offerings. All this to ensure that vendors using the Shoper platform can take advantage of competitive advantages based on our company's services and our team's know-how ," says Piotr Biczysko, member of the board of directors for finance (CFO) at Shoper.

2023 was also a successful year for the Company's customers. Vendors operating online stores on the platform Shoper, achieved record high results, far outpacing the market growth rate. The value of transactions including sales from online stores, shopping platforms and price comparison sites (GMV Omnichannel) amounted to PLN 9.5 billion, up as much as 16%, compared to the previous year . Sales from online stores alone (GMV Stores) grew just as fast , reaching PLN 8.5 billion, up 15% from 2022. 

Last quarter drove growth Shoper

Q4 2023 drove e-commerce market and financial results Shoper. The company achieved double-digit revenue growth in both segments, i.e. Solutions and Subscriptions. Total revenue in Q4 amounted to PLN 43.6 million, which is 19% more than in the same period in 2022. Shoper also strengthened its profitability during the period. The company's adjusted net profit was PLN 10.2 million, up 31% year-on-year.

Strengthening partnerships and developing foreign offerings

Shoper 2023 successively invested in the development of its offerings in 4 main segments such as: Omnichannel, Digital Ads, logistics, and financial services and payments. 

One of the significant developments for the company was the extension of the cooperation agreement with home.pl, under which about 3,000 online stores were transferred from the "private label" model to the Shoper platform.

- The extension of cooperation with home.pl is a a promising project that enables the parties involved to better tailor their offer to the needs of customers and achieve numerous synergies. First of all, customers will benefit, who, thanks to access to new services supporting sales on the Internet, will be able to strengthen their position on the market," comments Pawel Rybak, member of the management board for commercial affairs (CCO) at Shoper.

2023 for Shoper also meant going abroad with its offerings. The company established a partnership with the Gomag platform - the most popular online store provider in Romania. As part of the partnership, Shoper began providing digital advertising services to the platform's clients.

Shoper is a leader in e-commerce solutions in Poland. The company provides the necessary infrastructure for e-commerce. In addition to software for running an online store, it also offers a range of services to support sales. These include online payments, Digital Ads, logistics services and business financing. Among others, brands such as Gym Glamour, WK Dzik, Irving and Doppelherz operate on the Shoper platform. Since July 2021, Shoper has been listed on the Warsaw Stock Exchange and has been part of the sWIG80 index since December 2021. For more information about the company: www.shoper.pl 

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